Prior MoM +0.2%
Core PCE +0.3% y/y vs +3.1% expected
Prior was 3.0% y/y
Headline PCE +3.6% y/y vs +3.6% expected (prior 3.4%)
Deflator MoM +0.5% vs +0.5% expected (prior +0.3%)
Consumer spending and income for September:
Personal income +0.2% vs +0.3% expected. Prior month +0.2%
Personal spending +0.5% vs +0.6% expected. Prior month +0.9%
Real personal spending 0.0% vs +0.5% prior
The US dollar is near the highs of the day against the yen and Australian dollar but the price acton on this report, claims and GDP has been minimal. The focus is on AI after Google’s earnings miss and big slump. As for this report, it’s a reminder that headline inflation is a long ways from 2% but we will have to wait another month to see if it’s broadening.
This article was written by Adam Button at investinglive.com.
